First order cover (First sale clause)

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July 9, 2014
by Aman Union
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A policy feature that provides cover for risks commencing before a credit limit has been established, for buyers with whom the insured has not traded before.

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July 9, 2014
by Aman Union
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A Financial Guarantee is understood as comprising any bond, guarantee, indemnity or insurance, covering financial obligations in respect of any type of loan, personal loan and leasing facility, granted by a bank/ credit institution, financial institution or financier or issued or executed in favor of any person or legal entity in respect of the payment

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July 9, 2014
by Aman Union
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(Re)insurance in respect of a particular risk instead of a portfolio of risks.

First order cover (First sale clause)

Financial Guarantee

Facultative (re)insurance (FAC)